Trades from 1 June to 22 July (Final Review on the Standard Chartered Trading Platform)

Code	Name	Shares	Buy Date	Buy	Stop Loss / Target / Sold	Profit / Loss	Days Held
3988.hk	BANK OF CHINA	1000	24-May	3	3.08	56.27	62
0933.hk	BRIGHTOIL	1000	19-May	2.28	2.35	51.26	67
2255.hk	HAICHANG HLDG	1000	9-May	1.73	1.75	6.40	4
1813.hk	KWG PROPERTY	1000	11-May	4.61	4.66	4.46	6
1150.hk	MILAN STATION	2000	11-May	0.84	0.73	-231.78	21
2014.hk	OZNER WATER	1000	18-May	1.19	1.23	29.33	68
2014.hk	OZNER WATER	2000	24-May	1.18	1.26	140.57	62
2014.hk	OZNER WATER	2000	8-Jun	1.3	1.3	-20.32	2
d1r.si	ARA Asset Mgt	500	9-May	1.235	1.26	9.50	2
bn4.si	Keppel Corp	100	19-May	5.27	5.35	5.38	67
1813.hk	KWG PROPERTY	1000	8-Jun	4.65	4.45	-235.05	14
1813.hk	KWG PROPERTY	1000	10-Jun	4.39	4.65	225.44	35
1813.hk	KWG PROPERTY	1000	16-Jun	4.24	4.65	385.89	29
1813.hk	KWG PROPERTY	1000	24-Jun	4.35	4.65	265.55	21
3988.hk	BANK OF CHINA	1000	23-Jun	3.06	3.2	115.28	28
3988.hk	BANK OF CHINA	1000	24-Jun	2.93	3.2	246.63	27
1150.hk	MILAN STATION	2000	24-Jun	0.71	0.86	287.35	20

Total Net Profit = HKD$1,434 (6.14% for the period).

After transferring all HKD from the trading account, I had a total profit of about $250 from my initial investment of $4,000.

Considering my first buy was in March, I am pretty pleased (and relieved) that I can proudly say I survived in this world of stock trading :)

Due to SC removing its no minimum commission practice from 1 August, I think that it will no longer be profitable to trade using its platform.

As such, I have exited all my trades and will be evaluating my next move - whether to invest more into forex or to trade using other platforms instead.

If you have any suggestions, I look forward to hearing from you too!

Forex Trading at 1-minute interval

Having some time today, I thought I would try tracking one of my trades at the one-minute interval.

I opened a long position at 3.14pm with the AUD/JPY pair @ 79.373. The price fell to 79.3 (see label 11 below) before it started a nice upward trajectory towards my target sell price at 79.57 (green line).

At 3.45pm, it nearly hit my target before falling 79.48.

At 4.59pm, there was a surge in price but again, stopped short (2 pips...) of my target price.

Having spent nearly a hour of my life and seeing a wedge forming, I gave up at 4.14pm and took the profit of 15 pips.

Mid-July Update

Haven't updated this blog for a while as I've been learning the ropes for forex, which I think is a natural extension to stock trading. 

Furthermore with the brexit event that happened on 24 Jun, I've invested my entire account into the HK market, expecting a good return in the short term. 

With Standard Chartered starting to charge a minimum fee from 1 August onwards, I will be withdrawing from the HK market.

Let's see what the ending score will be.